Cell Phone Store For Sale

Business description

Award Winning & Profitable B2B Cellular Service and Repair Center with Great Residuals
Exclusive, Preferred Sprint/Nextel Service Center

This business to business wireless communications company was founded in 1997 and moved to this location in 1998 where it originally was selling cell phones, service and repairs. Nextel entered the market and this company became one of the first Authorized Representatives. This Exclusive Premium Sprint/Nextel Dealer seized the opportunity and expanded further into the B2B market through an aggressive outside sales force, telemarketing and “in house” customer support team which is the reason they have a great reputation for customer satisfaction. Additional service providers, T-Mobile, Verizon, and Cingular, have been added to complement the core (75%) Nextel customer base. In addition to the B2B segment of the business, this company has a great retail location on a heavy traffic major boulevard in Orange County and generates 50 walk-in customers a month. It also serves an Authorized Service Center for Sprint/Nextel, one of the few independent companies to offer this. Sprint/Nextel is closing it company owned service centers which has resulted in this company increasing it service revenues by $2,000 per month with the expectation it will increase more as Sprint closes additional service centers. These factors and more have led to a client base of over 40,000 customers. The Nextel/Sprint merger has also resulted in bigger commissions on renewals leading to an increase of this revenue stream of approximately $20,000 per month. Residuals alone for the next 36 months are conservatively estimated at $324,000. All this adds up to an excellent opportunity for the right person/corporation to expand into Orange County and increase the business through the recent Sprint/Nextel merger which offers even more support and promotions for Preferred dealers like this. Sellers have developed other interests and wish to move on.

Property information

Lease terms:

3 year Exp 8/2008
Rent $ 6750
Size 2500 sq ft

Location:

Conveniently located in Stand alone building on a major street with lots of drive by traffic

Other information

Competition / Market:

Not very many B2B Cell Phone businesses this size in the county.

Support & training:

Sellers will train for four weeks at 40 hrs per

Reasons for selling:

Owners have other interests

Trading hours:

M-Sat

Financing available:

Possible for the right qualified buyer

Inventory / Stock value:

$35,000

Contact the seller